Crypto lending firm Matrixport is looking to raise $100 million at a $1.5 billion valuation. The Singapore-based firm led by Jihan Wu already has commitments for $50 million from lead investors at the sky-high valuation, but is still looking for investors for the rest. The firm has $5 billion in trading volume every month, along with $10 billion in assets under management and custody.

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• Source: https://www.coindesk.com/markets/2022/11/25/first-mover-americas-binance-increases-recovery-fund-wbtc-loses-its-peg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines